Yes, but do avoid mentioning "modes" to a true Vim fanatic. I've watched Vim true believers gradually grow cherry red at mention of "modes", which they insist aren't really modes, just extra keystrokes.
The modes in Vim are inherited from vi, because vi was originally used on mechanical paper-roll terminals (as I did while working for NASA in the 1970s) -- in those days the mode switching saved both time and paper.
It's funny to think that Vim users still have to switch modes, to save nonexistent paper on a nonexistent roll, while the rest of the world has moved on. In fact, my now-ancient word processor Apple Writer, first released in 1979 for the Apple II, did away with modes entirely, while running on a processor so slow that it would be put to shame by a modern pencil sharpener.
Different strokes.